Thursday, January 23, 2014

Holacracy

Only the respect of the led creates a leader.

-- Ricardo Semler

I have not read the book, Maverick, but based on this description, it is now on my list. It is an autobiography by Ricardo Semler. Here is some of how he used the concepts of holacracy at his company, Semco:

1. Treat workers like adults: Run companies on trust, rather than producing and enforcing an encyclopedia of rules. Empower employees to make decisions, and cultivate a culture of forgiveness rather than permission.
2. Share information: Share all corporate information with employees, from salaries to strategies and productivity statistics to profit margins. This transparency is a corollary of treating workers like adults.
3. Make managers accountable to their subordinates: Give the power to hire and fire managers to the employees who will live with the consequences.

Read the rest here....